Senate bill would expand pass-through tax deduction to advisers
Senate bill would expand pass-through tax deduction to advisers The bill, which was written by Senate Finance Chairman Ron Wyden, D-Ore., would limit the benefit to individuals earning less than $400,000 a year. July 20, 2021 2 MINS Legislation introduced Tuesday by the Senate’s top tax policy writer would make brokerages and investment advisory firms eligible for a small-business tax break established by the 2017 tax reform law. However, the bill also would limit the benefit to people earning less than $400,000. Sen. Ron Wyden, D-Ore. and chairman of the Senate Financ...